In the Margins

Fed Chief Powell embraces communication

June 14, 2018

By The New York Times

Federal Reserve chiefs were long known for saying little, and making what they did say as opaque as possible. It’s been barely seven years since central bankers began to hold news conferences after policy meetings—and even then, only on alternate occasions. In his news conference on Wednesday, Jerome Powell, who became Fed chairman in February, moved the central bank further into the daylight. He said he would meet reporters after the conclusion of each policy meeting. And he departed in many ways from the guarded or arcane language others favored. Read the original story from The New York Times.

 

 

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